nonadmitted reinsurance
Nonadmitted reinsurance is reinsurance purchased from a company not licensed or authorized to transact business in a particular jurisdiction.
nonadmitted reinsurance
Nonadmitted reinsurance is reinsurance purchased from a company not licensed or authorized to transact business in a particular jurisdiction.
Additional Information
Nonadmitted reinsurance may not be treated as an asset against reinsured losses or unearned premium reserves for insurer accounting and statement purposes.
